Another Guy To Blame At MF Global? Meet Jon Corzine's Right-Hand Man

Since MF
Global declared bankruptcy, former CEO Jon Corzine has,
justifiably, received more blame than anyone else at the company.

But as the story unfolds, now we know there's someone he may be
able to share it with — his former aide Bradley Abelow report s
reports WSJ.

Abelow was MF Global's COO and President. His started career at
Goldman
Sachs, where he managed the operations division. After that.
he entered politics, first serving as the Treasurer of New
Jersey, and then as Jon Corzine's Chief of Staff. He then founded
NewWorld Capital LLC, a private equity firm investing in
environmental companies, before joining MF Global as COO in 2010.

Basically, as COO, he was in charge of firm's risk human
resources, technology, and most importantly, risk management.

However, insiders say that while Corzine was willing to listen to
Abelow's ideas about the firm's operation's, Abramoff had little
to do with MF Global's trading strategy.

For example —During the firm's crash, while Corzine was trying to
unload his bad Euro bets to raise cash, Abelow was trying to sell
all or parts of the firm.